$SUI The SSUI token, or Spring Staked SUI, is a token that represents SUI (the native token of the Sui network) deposited in a "staking" smart contract. This token allows users to earn rewards for participating in the Sui ecosystem, without the need to hold SUI tokens directly.
What is SUI?
SUI is the native token of the Sui blockchain network.
It is used to pay transaction fees, participate in network governance, and perform staking.
The Sui network stands out for its focus on speed and low latency of transactions.
What is SSUI?
SSUI is a token that represents SUI deposited in a staking contract, as explained by MEXC.
Users can earn rewards for staking their SUI through the smart contract and receive SSUI as proof of their participation.
SSUI can be used for various purposes within the Sui ecosystem.
In summary: SSUI is a token derived from SUI, which represents SUI deposited in a staking contract and allows users to gain benefits for participating in the Sui network.